What Triggers Market Jitters is popular PDF and ePub book, written by Graciela Laura Kaminsky in 1999, it is a fantastic choice for those who relish reading online the Aktiekurser genre. Let's immerse ourselves in this engaging Aktiekurser book by exploring the summary and details provided below. Remember, What Triggers Market Jitters can be Read Online from any device for your convenience.
What Triggers Market Jitters Book PDF Summary
Movements in stock prices in East Asia during the crisis in 1997-98 were triggered by both local and neighbor-country news. Having the highest impact was news about agreements with international organizations and credit rating agencies. But some changes seem to have been driven by herd instincts in the market itself, including overreactions to bad news. In the chaotic financial environment of East Asia in 1997-98, daily changes in stock prices of as much as 10 percent became commonplace. Kaminsky and Schmukler analyze what type of news moved the market in those days of extreme market jitters. They find that movements are triggered by both local and neighbor-country news. News about agreements with international organizations and credit rating agencies have the most weight. Some of those large changes in stock prices, however, cannot be explained by any apparent substantial news but seem to be driven by herd instincts in the market itself. On average, the one-day market rallies are sustained while the largest one-day losses are recovered - suggesting that investors overreact to bad news.
Detail Book of What Triggers Market Jitters PDF
- Author : Graciela Laura Kaminsky
- Release : 21 September 1999
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Aktiekurser
- Total Page : 44 pages
- Language : English
- PDF File Size : 7,8 Mb
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